4 ms·
There is evidence that opposition to new construction is not only from home-owners, but also from renters, due to economic ignorance: https://marginalrevolution
by zajio1am 4y ago
There is evidence that opposition to new construction is not only from home-owners, but also from renters, due to economic ignorance: https://marginalrevolution.com/marginalrevolution/2022/11/the-folk-economics-of-housing-is-folked-up.html https://marginalrevolution.com/marginalrevolution/2022/11/th...
- Tiktaalik 4y agoI think the renters are often acting rationally, given the fact that new construction is so overwhelmingly often directed at their own neighbourhoods where they currently live in affordable apartments. Accordingly no real surprise that someone would act out of self interest to oppose being evicted. So rarely if ever is new apartment development targeted at a mansion district, and I've never seen an apartment dweller oppose that concept. I don't know why they would and I wouldn't expect them to.